Contract LIfecycle Management
Work with speed, precision and transparency
It’s time to simplify the complicated. Meet your easy-to-use contract lifecycle management solution to simplify, automate and accelerate the contracting process. With a seamless integration to CRM, it’s the solution legal and sales teams really want. Effortlessly view contracting metrics, automate redlining right in Word and easily setup requests and workflows.
CONTRACT REQUESTS & INTAKE
Get requests out of your inbox. Eliminate endless follow ups.
Pramata gives you one centralized place for all contracting requests. With smart, configurable intake forms, you can finally get legal requests out of your inbox. Simply attach the right template or documents and monitor all contracts in flight from one dynamic dashboard in the Request Queue.
- Initiate and manage multiple requests in a single place
- Store, share and track documents in one location
- Easily configure dynamic intake forms to your business needs
- Capture important information about each request such as requester, type, priority, due date and more
- Sales-self service request initiation and tracking directly from CRM.
DYNAMIC CONTRACT TEMPLATES
Take control of your time
For accelerating contracts, self-service is the name of the game. With Pramata, legal teams can publish approved contract templates to ensure consistency and make sure business teams get the right contract out the door. And with dynamic, self-service contract generation, you can drastically reduce cycle time by removing bottlenecks and ensuring oversight.
- Store the latest version of approved contract templates in a single place
- No IT required! Legal can easily build and update templates
- Automatically populate contract templates with information collected during the request process
- Choose between automatically sending contracts or requiring legal review, depending on contract type
- Auto-generate contracts in either MS Word or PDF format
- Custom permissions for read-only and editable templates, even down to the contract section
REdlining and Negotiating
Automate redlining right in MS Word
Transform negotiations and redlining with our AI-powered MS Word add-in. Analyze contracts against your playbooks and—unique to Pramata—automatically compare new contracts against your negotiation history to ensure alignment with previously agreed terms. Our intelligent auto-redlining capabilities speeds up contract review, empowers teams beyond Legal to confidently participate in negotiations while reducing review time and resources.
Missing Provision Detection
Proactively flags when key provisions are absent from the contract, preventing oversight of critical terms
Intelligent Clause Mapping
Automatically indexes and maps contract clauses to key provisions, ensuring comprehensive analysis even with unfamiliar third-party documents
Approval Awareness
Clearly indicates which internal stakeholders need to approve deviations from preferred positions based on playbook guidelines
Smart Auto-Redlining
Implements precise, minimal edits with one click, suggesting playbook-aligned language while maintaining document integrity
Traffic Light Risk Analysis
Instantly identifies alignment with your playbook using an intuitive Red-Yellow-Green paradigm, highlighting both preferred and fallback positions
Party-Aware Analysis
Intelligently adjusts analysis based on which party you represent, ensuring accurate contract review from the correct perspective
Historical Agreement Comparison
Uniquely analyzes new contracts against your negotiation history with each counterparty, leveraging previously agreed terms to inform current negotiations
Automated Explanation Comments
Generate counterparty-friendly comments explaining proposed changes, enhancing communication and transparency in negotiations
WORKFLOW & APPROVAL DESIGN
Get visibility across every in-flight contract with automated workflows
Pramata’s flexible, no-code workflow builder allows you to customize and align your contract processes to meet your organization’s specific needs. Automatically route contracts to the right team member and approve contracts via email or mobile. With a centralized management console, legal teams can quickly prioritize workloads, reassign tasks and track progress status.
- Default workflows come out-of-the-box with the ability to clone and create additional workflows via a simple interface
- Easily customize workflows by adding, editing, deleting and reordering statuses
- Get automatic updates at key points in the contract lifecycle with system driven statuses
- Ensure transparency with automatic email notifications on status updates sent to stakeholders as a request moves through any workflow
- Flexible approval capabilities adapt to any contract process
- Comprehensive approval tracking with full history view, automated reminders, and the ability to recall requests as needed
SALESFORCE PLUGIN
Deals move faster when the sales team can collaborate on contracts without ever leaving CRM. Our Salesforce integration drastically improves sales adoption and provides easy, self-service to contract requests.
Launch Requests
Initiate contract requests directly from Salesforce opportunities and auto-fill form questions with account and opportunity data.
TRACK STATUS
View and track the status of all requests submitted to Legal
EASY SETUP
Installation is simple through our Managed Package integration and requires minimal IT support
DEAL COLLABORATION
Simplify and streamline negotiations–together
Break the silos with Pramata’s Deal Collaboration and streamline negotiations. During that end-of-quarter rush it’s hard to keep track of where a contract is and what needs to happen next. With Pramata, you can ensure all team members get email notifications as new comments or changes are made, status is changed, or a task needs to be completed.
- Integrated with internal drafting tools such as MS Word 365
- Keep track of document changes over time, with a clear history of revisions
- Separately track internal versions/revisions from versions sent to counterparty
- Capture negotiation history and internal comments to speed up the process and review later
- Complete Audit Trails capture every interaction and decision, so you can track who touched the contract, time in each status, approvals, and comments to understand past negotiations and decision rationale
- Keep contracts moving forward with automatic notifications across your teams, at each step of the process
CONTRACTING KPIs & METRICS
Full visibility into your contracting process
You know the legal team’s business impact. Now you can quantify it with full visibility into your contracting KPIs. With easily configurable dashboards you can monitor the contracting progress within a workflow, run reports and drill in the details. So you can easily identify inefficiencies, fix bottlenecks, distribute workloads evenly and get visibility across the business.
- Monitor your KPIs via a configurable real time dashboard that summarizes status and team productivity
- Track turnaround times by contract type, region, and contract team
- Assign work based on real time visibility into workloads
- Covers 100% of contracts, including third-party paper and non-standard contract
CLM ADMIN WORKBENCH AI
Orchestrate the contracting process with ease
(No IT needed!)
With Pramata’s intuitive “No Code” configuration of requests, templates and workflows, legal ops teams or administrators can easily:
Configure dynamic intake forms to match your business and legal team needs
Automatically route requests based on workload, contract type, region and more
Customize contract statuses and process steps to reflect how you do business
Set up and edit intake forms, templates, auto-generation, approvals in one central hub.
Control access on who can initiate requests, work on tasks, manage templates and more
“The beauty of Pramata is you can create whatever you want. Whether you’re customizing workflows for the legal team or empowering everyone in the business to get data-driven insights from every contract. Pramata’s platform is an exceptionally flexible system that adds so much value to everything we do.”
